Village Super Market (NASDAQ:VLGEA) Posts Quarterly Earnings Results

Village Super Market (NASDAQ:VLGEA) announced its quarterly earnings results on Tuesday. The company reported $1.05 earnings per share (EPS) for the quarter, Zacks reports. Village Super Market had a net margin of 2.45% and a return on equity of 12.55%.

Village Super Market Stock Performance

Shares of VLGEA stock opened at $36.42 on Tuesday. The firm has a 50 day moving average of $36.64 and a two-hundred day moving average of $36.78. The stock has a market capitalization of $537.56 million, a PE ratio of 9.61 and a beta of 0.53. The company has a quick ratio of 0.78, a current ratio of 1.06 and a debt-to-equity ratio of 0.15. Village Super Market has a 52 week low of $28.33 and a 52 week high of $40.15.

Village Super Market Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. Village Super Market’s dividend payout ratio is 26.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Man Group plc raised its position in Village Super Market by 249.7% in the 2nd quarter. Man Group plc now owns 20,808 shares of the company’s stock valued at $801,000 after purchasing an additional 14,858 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Village Super Market by 3,266.5% during the second quarter. Lazard Asset Management LLC now owns 16,361 shares of the company’s stock worth $629,000 after buying an additional 15,875 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Village Super Market by 3.9% during the second quarter. Bridgeway Capital Management LLC now owns 135,482 shares of the company’s stock worth $5,216,000 after buying an additional 5,110 shares during the period. Ameriprise Financial Inc. raised its holdings in Village Super Market by 32.2% in the second quarter. Ameriprise Financial Inc. now owns 38,842 shares of the company’s stock valued at $1,495,000 after acquiring an additional 9,457 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Village Super Market in the second quarter worth approximately $1,052,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on VLGEA shares. Weiss Ratings reiterated a “buy (a-)” rating on shares of Village Super Market in a research report on Saturday, September 27th. Wall Street Zen lowered Village Super Market from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

About Village Super Market

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.